Fairness and Solvency Opinions
Duff & Phelps helps boards of directors and special committees formed by boards fulfill their fiduciary responsibilities when considering many corporate transactions.
Our team has particular expertise in situations where advisor independence is paramount and scrutiny is elevated.
Duff & Phelps, A Kroll Business, is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Thomson Reuters cumulative data from 2011-2020.
Since 2005, we have provided more than 1,000 fairness opinions (over $425 billion in deal value) for clients contemplating:
- Sell side / buy side mergers & acquisitions
- Spin-offs, split-ups, divestitures
- Going-private transactions
- Related-party transactions
Duff & Phelps has rendered over 950 Solvency Opinions ($4.5 trillion in deal value) related to:
- Dividend recapitalizations
- Debt refinancings
- Intercompany restructurings
- Spin-offs and split-offs
- Duff & Phelps also has dedicated expertise in Commercially Reasonable Debt Opinions and ESOP and ERISA Advisory.
Key Differentiators
- Core Practice: Ranked #1 for total number of Fairness Opinions in the U.S. and globally over the past ten years and is a leading financial advisor for solvency opinions (more than 1,950 fairness and solvency opinions and $4.9 trillion in deal value since 2005)
- Independence: Vast majority of our opinions involve transactions in which Duff & Phelps is not the investment banker
- Analytical Rigor: Comfortable providing opinions in transactions involving minority interests, debt securities and those transactions lacking a market-clearing mechanism
FEATURED CASE STUDIES
Fairness and Solvency Opinions
Fairness Opinions
Fairness OpinionsSolvency Opinions
Solvency OpinionsCommercially Reasonable Debt Opinions
Commercially Reasonable Debt OpinionsContact Us
Chris Janssen
Managing Director and Global Head of Transaction Opinions
Fairness and Solvency Opinions
Chicago
Chris Janssen
Robert A. Bartell, CFA
President, Corporate Finance
Chicago
Robert A. Bartell, CFA
Elyse Bluth
Managing Director
ESOP and ERISA Advisory
Chicago
Elyse Bluth
Andrew Capitman
Managing Director
Fairness and Solvency Opinions
New York
Andrew Capitman
Sheryl Cefali
Managing Director
Fairness and Solvency Opinions
Los Angeles
Sheryl Cefali
Jeff Gordon
Managing Director
Fairness and Solvency Opinions
Chicago
Jeff Gordon
Todd Kaltman
Managing Director
Fairness and Solvency Opinions
Los Angeles
Todd Kaltman
Mark Kwilosz
Managing Director
Fairness and Solvency Opinions
Chicago
Mark Kwilosz
Danielle Montesano
Managing Director
ESOP and ERISA Advisory
Chicago
Danielle Montesano
Jeff Schiedemeyer
Managing Director
Fairness and Solvency Opinions
Chicago
Jeff Schiedemeyer
Mathias Schumacher
Managing Director
Valuation Advisory Services
London
Mathias Schumacher
David Turf
Managing Director
Fairness and Solvency Opinions
Chicago
David Turf
Other Areas We Can Help
Valuation Services
Objective valuations for financial reporting, tax and management planning purposes.
Strategic Value Advisory
Assistance evaluating strategic alternatives and identifying growth strategies.
M&A Advisory
Middle-market M&A advisory differentiated by industry expertise and superior deal execution.
Transaction Advisory Services
Seamless analytical advisory through the deal continuum, from transaction origination to closing.
Financial Sponsors Group
Dedicated coverage and access to M&A deal-flow for financial sponsors.
SPAC Advisory Services
Focused expertise for SPAC transactions.
Insights
News
Case Studies
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised Twin Peaks, a Portfolio Company of Garnett Station Partners, on Its Sale to FAT Brands Inc.
a portfolio company of
has been acquired by
Exclusive Financial Advisor
Duff & Phelps, A Kroll Business, Advised Gualapack on Its Acquisition of Teruel Embalagens – Papéis Amália Ltda
has acquired
Buy Side Debt Placement Advisor
Duff & Phelps, A Kroll Business, Advised Comvest Partners on Its Strategic Investment in Gen3 Marketing
has acquired
Financial Advisor
Duff & Phelps, A Kroll Business, Advised May River Capital on Its Sale of Hunt Valve to Fairbanks Morse Defense
a portfolio company of
has been acquired by
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised Creative Outdoor Advertising on Its Sale to Fulcrum Capital Partners Inc.
has been acquired by
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised Avidity Science on Sale of Lab Products and Harford Systems to Gen Cap America
subsidiaries of ShoreView Industries' portfolio company
has been acquired by
Buy Side Advisor
Duff & Phelps, A Kroll Business, Advised Quantic™ Electronics on Its Acquisition of X-Microwave
a portfolio company of
has acquired
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised Pathways Training & eLearning Inc. on Its Sale to Pluribus Technologies Inc.
has been acquired by
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised New Age Medical on Its Recapitalization With Compass Group Equity Partners
has been recapitalized by
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised eMindful on Its Sale to Wondr Health
has been acquired by
a portfolio company of
